On 24 September 2020, Binhai Investment (“the Company”) celebrated for the successful completion of the transaction of shares in forms of private placement and shares transfer of its substantial shareholder, and hence introducing Sinopec Great Wall Gas Investment Co., Ltd. as a resource-based strategic investor of the Company. As of today, TEDA Holding remains as a controlling shareholder, which holds 35.43% of the Company’s shares, while Great Wall Gas holds 29.99% of the Company’s shares, becoming the second largest shareholder of the Company.
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Results Highlights (as of 30 June 2020) Total revenue amounted to approximately HK$1,834 million, up by approximately 3% year-on-year. Profit for the period amounted to approximately HK$151 million, up by approximately 124% year-on-year. Gross profit for the period amounted to HK$360 million, up by approximately 47% year-on-year. The aggregate length of gas pipeline networks was approximately 3,137 kilometres, up by 89 kilometres year-on-year. Construction and gas pipeline installation service fees received amounted to approximately HK$327 million, up by approximately 44% year-on-yea
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